Needham & Company Drops Coverage of Netlist

Needham & Company is dropping coverage of Netlist, Inc. (NASDAQ: NLST).

Analyst Richard Kugele commented, "With the trade secrets case vs. Diablo having suffered a major setback (along with the licensing deal that we expected to emerge from it) we are dropping coverage of NLST as it no longer fits within our revised coverage universe. Our previous Buy rating and price target should no longer be relied upon."

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